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President's Communication: April -2017

Prsident's Communication: April - 2017

Dear Fellow Members,
Asalamu Alaikum and greetings to you all. 

The month of April always brings the occasion of celebration of Pohela Boishakh. It is part and parcel of our Bengali culture and heritage. It is my honour and it was a great opportunity that on this day, I conveyed ‘Shuvo Noboshow’ to you all through our newly opened Facebook Page at mid night of Pohela Boishakh. ICAB entered into Facebook from 14 April 2017, thanks to Media and Branding Committee for their ceaseless efforts behind this. Let me now share a summary of the main events which took place during the month of April. 

 

Among other programmes that fell in the month of April, the Workshop on Roadmap to Strengthening Financial Reporting Framework for Public Sector Entities was held on 18 April at Pan Pacific Sonargaon Hotel, Dhaka. The event was jointly organized by the Institute of Chartered Accountants of Bangladesh (ICAB) and the World Bank (WB) under the Public Private Partnership project. It is our honour that we had Mr. Masud Ahmed, Comptroller and Auditor General of Bangladesh to grace the programme as the Chief Guest and Mr. Mohammad Muslim Chowdhury, Additional Secretary, Ministry of Finance, GoB as Special Guest.  Besides a paper presentation by Burhanuddin Ahmed FCA, World Bank Task Team Leader, Mohammad Atikuzzaman FCA presented an overview of Strengthening Financial Reporting Framework for Public Sector Entities in this programme. We were pleased to have Ms. Suraiya Zannath Khan FCA, Lead Financial Management Specialist, WB with us. I moderated the programme while Vice President Mahamud Hosain FCA  gave vote of thanks at the end. 
 

Members’ Conference on ‘Cyber Security- An Overview’ was held at ICAB auditorium on 25 April 2017. Mr. Md. Harunur Rashid, Additional Secretary, Ministry of Information and Communication Technology (ICT), GoB graced the occasion as the Chief Guest. I moderated the session while  Mr. Khondkar Atique-e-Rabbani FCA, Managing Director, The Computers Ltd     presented the keynote paper.  Vice President Mr.Mostafa Kamal FCA delivered vote of thanks at the end of the programme. Citing example of Bangladesh Bank, which came under cyber-attack in February 2016, the keynote speaker said Cyber criminals may not give a manager a second chance to prevent a disaster. He said that Vulnerability issue spreads over the whole spectrum – hardware, devices, software, networks, personnel, site, organization, etc. 
 

On a Members’ Conference on "Integrated Reporting –Challenges and Opportunities", speakers placed some suggestions on how to address market issues through catalyzing high quality financial reporting and credible audit practices through technical skills, professional competencies besides ethics. The conference was organised by the ICAB at its auditorium on Sunday 30 April 2017. Mr. Anwaruddin Chowdhury FCA, Council Member & Past President, ICAB, Director CAPA Board and Technical Advisor CRAB Ltd presented the Keynote paper while Mr. Abbas Uddin Khan FCA, Past President, ICAB & Managing Partner, Akhter Abbas Khan & Co., Chartered Accountants conducted the session a Session Chairman.  I delivered welcome address and  our Vice President Mr. Md. Mahamud Hosain FCA  gave vote of thanks. Council Members and distinguished members were also  present in the conference.  
 

Meeting with NBR: A team of ICAB led by me participated at a meeting on 25 April chaired by NBR Chairman Mr.Md. Nojibur Rahman on a proposed new direct taxes law. Other stakeholders were also present in the meeting. The other members of ICAB team were Council Member & Past President Mr.Md. Humayun Kabir FCA, Council Members Mr. AF Nesaruddin FCA, Mr.Md. Shahadat Hossain FCA and Fellow Member Mr.Snehasish Barua FCA. We placed a number of proposals in this  connection. 


A number of trainings and workshops were held in April to disseminate knowledge and expertise among the members and other stakeholders like Bangladesh Bank and other corporate offices. Workshops on transfer pricing regulation & practice, audit quality and application of update audit practice manual,   training on IFRS were held. Six months long Certificate Course on IS Audit for ICAB members in two batches are successfully going on in ICPE training room. 
 

Keeping ideology of Bangla tradition & culture, the members of ICAB Dhaka Regional Committee (DRC) celebrated Pohela Boishakh with their near and dear ones at the Institute premises with folk songs and traditional food in befitting manner.  Members of the fraternity participated in the evening programme with great enthusiasm. I welcome such initiatives and hope that in future we would together take more initiatives to foster better image of the CA profession. 
Meetings of Council and Standing & Non-standing Committees and Sub-committees


The following meetings of the Council, Standing and Non-standing Committees and Sub-committees of ICAB were held during the month of April 2017:
Standing Committees:
-    3rd Meeting of the Investigation & Disciplinary Committee (IDC) was held on 4 April 2017 at 6:00 pm.
-    4th Meeting  of Investigation & Disciplinary Committee (IDC) was held on 18 April 2017 at 6:00 pm.
-    3rd Meeting of the Executive Committee (EC) was held on 22 April 2017 at 11:00 am.
-    2nd Meeting of the Board of Studies (BoS) was held on `22 April 2017 at 4:00 pm.
-    8th Meeting of the Council was held on 24 April 2017 at 5:00 pm.
Non-standing Committees:
-    1st Meeting of the SAFA, CAPA & International Affairs Committee was held on 2 April 2017 at 5:00 pm.
-    2nd Meeting of the Information & Communication Technology Committee (ICTC) was held on 2 April 2017 at 5:30 pm.
-    1st Meeting of the Review Committee for Published Accounts & Reports (RCPAR) was held on 3 April 2071 at 6:30 pm.
-    2nd Meeting of the Editorial Board (EB) was held on 5 April 2017 at 5:00 pm.
-    1st Meeting of the Continuing Professional Development Committee (CPDC) was held on 9 April 2017 at 6:00 pm.
-    1st Meeting of the Audit Committee was held on 17 April 2017 at 5:00 pm.
-    1st Meeting of the Members Services & Welfare Committee (MSWC) was held on 19 April 2017 at 6:00 pm.
-    2nd Meeting of the Media & Branding Committee was held on 24 April 2017 at 4:00 pm.
-    2nd Meeting of the Committee for Small and Medium Practitioners (SMP) was held on 26 April 2017 at 6:30 pm.
Standing and Non-standing Sub-committees:
-    1st Meeting of the Conveners of Working Groups of Professional Development Committee (PDC) was held on 6 April 2017 at 6:30 pm.
-    1st Meeting of the Working Group for Working on exploring job opportunity for Professionals and combating/addressing professional threats Professional Development Committee (PDC) was held on 2 April 2017 at 6:30 pm.
-    3rd Meeting of the 6-Member Sub-committee of Board of Studies (BoS) regarding to develop and preparation of model Case Study in local context was held on 10 April 2017 at 6:30 pm.
-    3rd Meeting of PEC for the procurement of services under the World Bank Financed Project was held on 10 April 2017 at 1:00 pm.
-    4th Meeting of PEC for  the Procurement of services under the World Bank Financial Project was held on 12 April 2017 at 2:00 pm.
-    Coordination Meeting regarding a summit for prominent public and private Universities’ students was held on 12 April 2017 at 6:00 pm.
-    1st Meeting of the Renovation Committee regarding the REC Sub-committee was held on 16 April 2017 at 6:00 pm.
-    Coordination Meeting regarding a summit for prominent public and private Universities’ students was held on 127April 2017 at 6:00 pm.
-    1st Meeting of the Working Group for working on professional issues relating to Non-Government Organizations (NGOs) and Microfinance Institutions (MFIs) of PDC was held on 18 April 2017 at 6:00 pm.
-    11th Meeting of TEC for the procurement of goods under WB funded project “Strengthening Financial Reporting Framework and Audit Practice was held on 22 April 2017 at 4:00 pm.
-    Coordination Meeting regarding a summit for prominent public and private Universities’ students was held on 23 April 2017 at 5:30 pm.
-    2nd Meeting of the Renovation Committee regarding the REC Sub-committee was held on 24 April 2017 at 4:00 pm.
-    Coordination Meeting regarding a summit for prominent public and private Universities’ students was held on 25 April 2017 at 5:00 pm.
-    Coordination Meeting regarding a summit for prominent public and private Universities’ students was held on 27 April 2017 at 5:30 pm.
With best wishes


Adeeb Hossain Khan FCA 
President

Update Date : 16/05/2017

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